Securities (Tables)

3 Months Ended

Mar. 31, 2014

Securities [Abstract]

Fair Value Of Available For Sale Debt Securities

	March 31, 2014
		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Amortized Cost
		(In thousands)
Securities available for sale:
State and municipal	$	42,146	$	48	$	(1,302)	$	43,400
Mortgage-backed - agency / residential		249,437		1,383		(7,527)		255,581
Mortgage-backed - private / residential		534		4		-		530
Asset-backed		22,446		-		(1,625)		24,071
Marketable equity		1,535		-		-		1,535
Trust preferred		18,520		-		(1,480)		20,000
Corporate		65,061		740		(379)		64,700
Total securities available for sale	$	399,679	$	2,175	$	(12,313)	$	409,817

	December 31, 2013
		Fair Value		Gross Unrealized Gains		Gross Unrealized Losses		Amortized Cost
		(In thousands)
Securities available for sale:
State and municipal	$	41,085	$	59	$	(2,395)	$	43,421
Mortgage-backed - agency / residential		254,103		1,289		(10,114)		262,928
Mortgage-backed - private / residential		561		-		-		561
Asset-backed		22,503		-		(1,902)		24,405
Marketable equity		1,535		-		-		1,535
Trust preferred		26,096		88		(2,330)		28,338
Corporate		39,074		510		(211)		38,775
Total securities available for sale	$	384,957	$	1,946	$	(16,952)	$	399,963

Unrecognized Gains and Losses, Securities Held To Maturity

		Fair Value		Gross Unrecognized Gains		Gross Unrecognized Losses		Amortized Cost
		(In thousands)
March 31, 2014:
State and municipal	$	34,608	$	284	$	(1,042)	$	35,366
Mortgage-backed - agency / residential		18,850		381		(186)		18,655
	$	53,458	$	665	$	(1,228)	$	54,021
December 31, 2013:
State and municipal	$	26,351	$	-	$	(1,664)	$	28,015
Mortgage-backed - agency / residential		13,866		343		(200)		13,723
	$	40,217	$	343	$	(1,864)	$	41,738

Proceeds From Sales And Calls of Securities

		Three Months Ended March 31,
		2014		2013
		(In thousands)
Proceeds	$	8,367	$	-
Gross gains		42		-
Gross losses		(17)		-
Net tax expense related to gains
(losses) on sale		10		-

Investments Classified by Contractual Maturity Date

		Available for Sale (AFS)
		Fair Value		Amortized Cost
		(In thousands)
Securities available for sale:
Due in one year or less	$	149	$	145
Due after one year through five years		25,493		25,201
Due after five years through ten years		43,546		43,527
Due after ten years		56,539		59,227
Total AFS, excluding mortgage-backed (MBS),
asset-backed and marketable equity securities		125,727		128,100
Mortgage-backed, asset-backed and marketable
equity securities		273,952		281,717
Total securities available for sale	$	399,679	$	409,817

		Held to Maturity (HTM)
		Fair Value		Amortized Cost
		(In thousands)
Securities held to maturity:
Due after one year through five years	$	3,024	$	3,058
Due after five years through ten years		7,811		7,906
Due after ten years		23,773		24,402
Total HTM, excluding MBS		34,608		35,366
Mortgage-backed - agency / residential		18,850		18,655
Total securities held to maturity	$	53,458	$	54,021

Fair Value And The Unrealized Loss On Temporarily Impaired Securities

March 31, 2014		Less than 12 Months				12 Months or More				Total
		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
		(In thousands)
Description of securities:
Available for sale:
State and municipal	$	4,702	$	(257)	$	10,785	$	(1,045)	$	15,487	$	(1,302)
Mortgage-backed - agency /
residential		142,742		(5,376)		47,807		(2,151)		190,549		(7,527)
Asset-backed		-		-		22,446		(1,625)		22,446		(1,625)
Trust preferred		-		-		8,520		(1,480)		8,520		(1,480)
Corporate		29,964		(379)		-		-		29,964		(379)
Held to maturity:
State and municipal		11,868		(534)		6,280		(508)		18,148		(1,042)
Mortgage-backed - agency /
residential		10,617		(186)		-		-		10,617		(186)
Total temporarily impaired	$	199,893	$	(6,732)	$	95,838	$	(6,809)	$	295,731	$	(13,541)

December 31, 2013		Less than 12 Months				12 Months or More				Total
		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
		(In thousands)
Description of securities:
Available for sale:
State and municipal	$	35,012	$	(1,946)	$	3,517	$	(449)	$	38,529	$	(2,395)
Mortgage-backed - agency /
residential		186,193		(9,943)		9,668		(171)		195,861		(10,114)
Asset-backed		17,953		(1,526)		4,549		(376)		22,502		(1,902)
Trust preferred		13,215		(227)		7,897		(2,103)		21,112		(2,330)
Corporate		15,484		(211)		-		-		15,484		(211)
Held to maturity:
State and municipal		20,012		(1,296)		2,510		(368)		22,522		(1,664)
Mortgage-backed - agency /
residential		6,621		(200)		-		-		6,621		(200)
Total temporarily impaired	$	294,490	$	(15,349)	$	28,141	$	(3,467)	$	322,631	$	(18,816)